RENTS

The Rent Payment Account provided through Clockwise aims to provide the tenants of social and private landlords with the facility to pay their rent on time and in full. It is particularly useful in cases where tenants are in receipt Universal Credit which, when paid to the tenant, can be eaten up in overdrafts, standing orders or simply spent by mistake resulting in arrears. When joining the scheme, a Universal Credit (or other benefit or waged income) is made directly into the Rent Payment Account and withdrawals against this amount for any other purpose are not permitted by the tenant.